KRO vs RCEL: Correlation
Measured on weekly returns over the past three years, Kronos Worldwide Inc (KRO) and Avita Medical, Inc. (RCEL) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRO and RCEL?
On 3 years of weekly data the KRO/RCEL correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 2153.1 %².
Within KRO's tracked universe of 17 assets, RCEL comes in at #9 by 3-year correlation. The last year tells two different stories: RCEL led by 82.2 percentage points, +45.6% for KRO against +127.8% for RCEL. Note the risk asymmetry: RCEL runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
KRO vs RCEL: side by side
| KRO (Kronos Worldwide Inc) | RCEL (Avita Medical, Inc.) | |
|---|---|---|
| 1-year return | +45.6% | +127.8% |
| 5-year return | -15.4% | -48.7% |
| Volatility (ann.) | 55.0% | 91.0% |
| Beta vs S&P 500 | 1.47 | 2.01 |
| Max drawdown (3Y) | -68.7% | -82.1% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 2.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRO | RCEL |
|---|---|---|
| 2022 | -33.7% | -44.9% |
| 2023 | +14.9% | +107.9% |
| 2024 | +2.5% | -6.7% |
| 2025 | -53.1% | -73.0% |
| 2026 | +101.5% | +199.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRO and RCEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KRO and RCEL?
As of 2026-08-27, the correlation of weekly returns between KRO and RCEL is 0.43 over 3 years, 0.40 over 1 year and 0.38 over 5 years.
Is RCEL a good diversifier for KRO?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kro-vs-rcel.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kro-vs-rcel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRO correlations · RCEL correlations
